Mahindra LogisticsNSE:MAHLOG
Current view Q1 2027
New CEO turned chronic losses around by clearing debt, cutting idle warehouse space and dropping loss-making contracts. Those fixes are one-time and nearly finished, so growth must now come from volume and pricing; the Express arm still loses money with no deadline, and it leans heavily on the Mahindra group.
Latest exchange filings last 5 · 5 after Q1 2027
- 2 Sep ’26NSE Sustainability assigned Mahindra Logistics ESG rating 73, category Leader, based on FY26 public data. ↗
- 2 Sep ’26Mahindra Logistics held analyst and investor meetings at Elara Capital Conference on 2 September 2026. ↗
- 28 Aug ’26ICRA reaffirmed Mahindra Logistics’ ratings on 450 crore bank facilities and commercial paper on 28 August 2026. ↗
- 28 Aug ’26Regulation 30 of the SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') - Intimation of Schedule of .... ↗
- 24 Aug ’26Detailed intimation w.r.t allotment of Equity Shares on exercise of RSUs are attached. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q1 2027
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q1 2027
| Metric | This year vs lastYoY · vs Q1 2026 | vs the quarter beforeQoQ, sequential · vs Q4 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +23.3% | +11.8% | +10.9% | +16.5% |
| Operating profit | ▲ +51.3% | +2.7% | +11.8% | +21.0% |
| EPS | ▲ +334.9% | +26.1% | −55.7% | −40.4% |
| PAT | ▲ +411.1% | +27.3% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +23.3%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Poor30/100
Earnings are shrinking, not growing. Profit per share fell 56% a year over the window measured. Nothing compounds from here until that turns, whatever the price does.
No forward view — earnings are not compounding, so there is nothing to project.
Multiple moved without the earnings — the return sits in sentiment.
How this is calculated
Band capped: earnings are not growing over the measured window.
Growth rate used: -55.7% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Logistics · 6 of 48 listed
It earns 7% on its capital, fifth of 6, and it is the second most expensive of the 6 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Mahindra Logis. | ₹394 | 99.2× | ₹3,912 Cr | 7.4% | +335.1% | +23.3% |
| Container Corpn. | ₹496 | 30.4× | ₹37,780 Cr | 12.6% | +0.1% | +0.3% |
| Delhivery | ₹428 | 268.8× | ₹32,074 Cr | 1.0% | −65.0% | +27.8% |
| Shadowfax Technologies | ₹249 | 84.7× | ₹14,593 Cr | 10.3% | +624.3% | +66.3% |
| Blue Dart Expres | ₹4,833 | 35.4× | ₹11,470 Cr | 15.8% | +81.2% | +15.0% |
| Transport Corp. | ₹826 | 13.9× | ₹6,350 Cr | 19.4% | −0.8% | +9.6% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | broadly flat | operating margin 5% → 6% over 3 years |
|---|---|---|
| Did the profit turn into cash? | more than all of it — reserves released cash too | 93% last year, 103% over three · free cash flow ₹118 cr, positive in 5 of 5 years |
| Is the growth borrowed? | borrowed about as much as it owns | ₹650 cr — 0.55× its own equity (was 1.98×) |
| Is it being collected? | collection is steady | 36 days to collect, down 1 in a year · cash cycle 36 days |
| Who has been buying? | the promoters have been buying | promoters 59.6% (+1.6 in a year), 58.0% → 59.6% over 2.8 years · FIIs 4.1% (−0.7) · DIIs 14.4% (+0.6) · shareholders 73,682 → 75,213 |
| What does it earn on its capital? | earns little on its capital | ROCE 7.4% · ROE 0.3% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 333%
Against it
- Stock is trading at 3.29 times its book value
- Company has a low return on equity of -5.25% over last 3 years.
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.